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§ 1129(a)(7)(A)

Celsius Network LLC, In re

Ruling
Settlement valuing a cryptocurrency token satisfied the best interests test for confirmation of aplan of reorganization as the token had only speculative value on the petition date, which wasnot ascertainable from the market price. (Bankr. S.D.N.Y.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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Commercial opinion summary, case decided on November 09, 2023 , LexisNexis #0124-043

Boteilho Haw. Enters., In re

Ruling
Subchapter V plan was approved as it satisfied the best interests of creditors test. (Bankr. D.Haw.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 24, 2023 , LexisNexis #0124-021

Hendel, In re--Hendel v. Byck

Ruling
Chapter 11 debtors could not propose lump sum payments to unsecured creditors in amountsless than they would receive in a Chapter 7 liquidation. (Bankr. D.N.J.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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:
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 22, 2021 , LexisNexis #0721-020

Hendel, In re--Hendel v. Byck

Ruling
Chapter 11 debtors could not propose lump sum payments to unsecured creditors in amountsless than they would receive in a Chapter 7 liquidation. (Bankr. D.N.J.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of

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:
Judge or Jurisdiction information not available
Consumer opinion summary, case decided on March 22, 2021 , LexisNexis #0721-020

In re Conco Inc.

Ruling
Creditor who objected to confirmation was not entitled to discovery beyond the scope of what was relevant to the objection.
Issue(s)
Was creditor entitled to broad discovery pursuant to its objection to confirmation of a chapter 11 plan?

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Commercial opinion summary, case decided on November 12, 2014 , LexisNexis #1214-064

In re Hand

Ruling
Confirmation denied in chapter 13 case which was then dismissed in best interests of creditors.
Procedural posture

Debtors filed a petition under chapter 11 and a plan for repaying their creditors. Secured creditors filed objections to confirmation of the debtors' plan, arguing, inter alia, that the plan failed to satisfy the "best interest of creditors" test under 11 U.S.C.S. § 1129(a)(7)(A)(ii), was not fair and equitable under 11 U.S.C.S. § 1129(b). The case was tried to the court.

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Consumer opinion summary, case decided on May 05, 2009 , LexisNexis #0709-059